And Another Thing…

Without innovation the world stagnates and this is as true in financial markets as anywhere else, however I sense that people are starting to feel a little overwhelmed by the continued fintech revolution – there are, some people suggest to me, just too many ideas out there at the moment and identifying the good ones […]
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Peer-to-Peer Matching: FX HedgePool Tries a New Approach

There have been numerous attempts in the past to create buy side to buy side matching pools for FX, with very limited success. FX HedgePool is the latest venture seeking to do this and, as the company edges towards launch, Galen Stops takes a look at what it is doing differently. In April, Profit & […]
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Research Contradicts US Officials on USD Strength

A research note today from Societe Generale found that, despite claims from senior US officials, the USD has generally weakened against other major currencies over the last two decades. This announcement comes after a press conference on Saturday, where US Treasury Secretary Steve Mnuchin argued that by not intervening to support the yuan, the Chinese […]
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And Finally…

I’ll keep this short and not-so-sweet as it’s a holiday here today, but I thought I would share an interesting article I read in the Sydney Morning Herald over the weekend. Most of you will probably be aware that there was a general election in Australia last month and what was termed in many quarters […]
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And Another Thing…

I have had a chance now to listen to the oral arguments given in the Mark Johnson appeal and while my underlying belief that this is a wrong conviction remains unshaken it is also clear to me that few involved in this case from the legal fraternity actually understand foreign exchange markets and how they […]
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Euronext FX: Same Platform, Bigger Ambitions

Kevin Wolf, CEO of Euronext FX, explains how the rebranding of FastMatch is indicative of the widening client base and service offering of the firm. This content was sponsored by Euronext. Profit & Loss: You recently rebranded FastMatch as Euronext FX, can you talk me through the thinking behind this change? Kevin Wolf: This rebranding […]
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And Finally…

I have been keen in the past (appropriately so I still believe) to argue that the FX industry could do much more to help Mark Johnson fight his case and appeal against conviction for misconduct. The judges are apparently now considering whether striking down the conviction would mean a return to the “wild west” in […]
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Five on Friday: What Happened in Markets This Week

Lizzy Birmingham provides a brief roundup of the major FX moves this week, and the drivers behind each. 1) US Economy on “Recession Watch” says Morgan Stanley This Tuesday, chief US equity strategist at Morgan Stanley, Michael Wilson, warned investors of a possible upcoming US recession. In a note to clients, using recent data highlighting […]
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State Street Reports Rise in Investor Confidence

The State Street Investor Confidence Index (ICI) showed an increase in confidence of 6.6 points in May. State Street’s Global ICI increased to 79.5 in May, up from 72.9 the previous month. The results found that confidence among North American and European investors improved, with the North American ICI rising from 71.3 to 76.7, and […]
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Report Highlights Major Slowdowns in US Growth

In a recent report from IHS Markit, the Purchasing Managers’ Index (PMI) has revealed faltering US business activity and a slowdown in US private sector output growth in May. IHS Markit’s Flash US Composite PMI Output Index, which accounts for services and manufacturing data from IHS Markit’s PMI surveys, came in at 50.9 in May, […]
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